# PPP loan: 5 CHEERS INC.
> **$396K** approved 01/23/2021 · Paid in Full · Loan `5050008307`
## Borrower
- **Name:** 5 CHEERS INC.
- **Address:** 363 New York Ave, Huntington, NY, 11743-3342
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $396K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*